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Dividends
12 Months Ended
Mar. 31, 2017
Dividends [Abstract]  
Dividends
Dividends

On October 28, 2002, the Company announced that its Board of Directors had approved and instituted a quarterly cash dividend on its common stock. The Company has continued to pay quarterly dividends and has increased the amount of such dividends on a regular basis. Cash dividends paid per share were $1.441, $1.433 and $1.425 during fiscal 2017, 2016 and 2015, respectively. Total dividend payments amounted to $315.4 million, $291.1 million and $286.5 million during fiscal 2017, 2016 and 2015, respectively.